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Insurance company $CINF reported a decrease in 2Q16 earnings driven by reductions in property casualty underwriting contribution and investment gains. Net income was $123MM or $0.74 per share in 2Q16 compared with $176MM or $1.06 per share in 2Q15. Total revenue increased 4% to $1.37Bil from last year.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.